Swiss franc weakness a feature of the session so far 11 April
USDCHF up in a flash from 0.9565 to 0.9597 and EURCHF 1.1881 from 1.1841.
No prizes for guessing where we can point the blame as the SNB seemingly make a pre-emptive strike of their own against potential CHF safe-haven demand as global tensions continue and prospect of war over Syria intensifies.
Some offers around 0.9600 then more into 0.9630 should help cap moves for the moment.
I've highlighted the ongoing SNB presence for many months now and regular readers will have been wise to keep buying the dips on CHF pairs as I've been suggesting , and indeed doing. It's not as if Jordan & Co have been shy in stating their intentions to keep weakening the franc, and the strategy recently even got a seal of approval from the IMF
USDCHF
